Venture Capital Community Bolsters Support for Power.org16 December 2005
At an event in Palo Alto, California tomorrow,
venture capitalists and members of Power.org will announce a
first-of-its-kind initiative to foster growth and widespread adoption of
the Power Architecture through increased support and investment from the
venture capital community.
Effective immediately, an advisory board of leading venture capitalists has
joined Power.org to lead the organization's efforts in driving increased
investment in Power-focused companies. The advisory board represents a
unique effort to foster a microelectronics architecture, signaling a
growing investment opportunity for technology investors worldwide.
Power.org Venture Capitalist Advisory Board members include:
-- David Liddle, Managing Partner, USVP
-- Lip Bu Tan, Managing Partner, Walden International
-- Robert Jelski, Partner, 3i Ventures
-- Rob Chandra, General Partner, Bessemer
-- Carl Everett, Partner, Accel Partners
The advisory board consists of leading investors in the hardware and
semiconductor sectors. The board will work with Power.org to analyze and
validate new disruptive hardware technologies and strategies, driving
momentum around Power Architecture technology.
To date, more than a dozen VCs including Walden International, USVP and 3i
have funded thirteen Power.org member organizations, building support of
the architecture and spurring development based on open hardware standards.
A significant part of Power Architecture momentum has been its wide spread
acceptance in gaming consoles. IBM's development and production of the
widely anticipated Cell processor is progressing ahead of initial
expectations.
"Power.org's growing ecosystem of large and small companies, developers and
venture investors are proving everyday that the Power processor
architecture is jump starting innovation in the hardware sector," said
Nigel Beck, chairman of Power.org. "Startups are the key ingredient of our
collaborative innovation model and we are pleased to see that the venture
community is focused on funding new companies to prompt future product
development and innovation for customers intent on realizing the benefits
of Power."
New Venture-Backed Organizations Join Power.org
Announced today, three new innovators in technology design and services
joined Power.org as member organizations, including:
-- IP-Extreme
-- Nallatech
-- Azul Systems
The Promise of Power
Power.org is accomplishing with hardware, what Linux has already
accomplished in software: providing an open platform on which developers
can collaboratively innovate to provide new solutions to help businesses
meet today's challenges and opportunities. Where microprocessor
architectures have traditionally been proprietary, Power.org uses an open
hardware architecture to drive standards and provide a platform for
collaborative innovation around new products and systems -- from embedded
devices to supercomputers. IBM's success in getting VCs in its partner
network to invest heavily in Power and Power.org signifies growing support
of the benefits of the architecture. They include:
-- Startups can enter new markets quickly with low extra investment;
-- Lower development cost thanks to standardized platforms and effective
IP sharing;
-- Quickly build new businesses through collaboration
-- Achieve scale by joining forces with industry leaders in strategy,
marketing, R&D, manufacturing.
IBM and Power
IBM developerWorks, a program that provides essential resources for
developers to begin developing with IBM technologies, is leveraging the
momentum of its 5 million registered users to build a strong community
around Power Architecture.
The Power Architecture Technology section of developerWorks delivers
top-notch content, forums, and educational tutorials to developers.
developerWorks has had more than 800,000 unique visitors so far in 2005
with more than 13,000 users having registered for the Power Architecture
downloads, tools, training, forums and more, serving the hardware designers
and software developers who work with this open microprocessor
architecture. In 2005 alone, developerWorks published more than 120
articles about the Power Architecture for interested developers around the
world; and last month, IBM launched the Cell Broadband Engine resource
center on developerWorks.
Power.org
Power Architecture microprocessors are the heartbeat of products ranging
from video gaming systems and telematics to supercomputers. For more
information, visit www.power.org. Formed just one year ago, its members
include: IBM, Cadence Design Systems, Chartered Semiconductor
Manufacturing, Jabil Circuit, Novell, P.A. Semi, Red Hat, Synopsys, and
Thales.
Contact:
Kevin Acocella
IBM Corporation
646-598-5551
kma@us.ibm.com
SOURCE: IBM
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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